The Street reported that gold closed higher for a fourth day in a row as investors looked for an investment haven.
Articles Tagged "euro zone"
Reuters reported that euro zone central bank gold reserves dropped last week, falling to 432.702 billion euros.
Reuters reported that a stronger euro and stock market recovery pushed gold prices up.
Reuters reported that gold prices fell on new the Euro Zone might experience a credit downgrade.
Reuters reported that gold prices rose on news the European economy may be stabilizing.
The Street reported that gold prices dropped after news Germany's Chancellor was opposed to a European bailout fund cap.
Reuters reported that fears European countries will be downgraded caused gold prices to fall.
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
Globe and Mail reported on gold's potential role in resolving the European debt crisis.
Reuters reported that Euro zone debt fears caused gold to fall to its lowest in a week.